Andrew Carnegie(American Businessman)

Date of Birth:

November 25, 1835

Date of Death:

August 11, 1919

Nationality:

American

Quote count:

53

Times favorited:

92

Andrew Carnegie was a Scottish-born American industrialist, businessman, and a major philanthropist. He was an immigrant as a child with his parents. He built Pittsburgh's Carnegie Steel Company, which was later merged with Elbert H. Gary's Federal Steel Company and several smaller companies to create U.S. Steel. With the fortune he made from business, he turned to philanthropy and interests in education, founding the Carnegie Corporation of New York, Carnegie Endowment for International Peace, and Carnegie Mellon University in Pittsburgh.

While Carnegie paid his employees the low wages typical of the time, he later gave away most of his money to fund the establishment of many libraries, schools, and universities in America, United Kingdom and other countries, as well as a pension fund for former employees. He is often regarded as the second richest man in history. Carnegie started as a telegrapher and by the 1860s had investments in railroads, railroad sleeping cars, bridges and oil derricks. He built further wealth as a bond salesman raising money for American enterprise in Europe.